Avicopter Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	27,467	29,719	26,538	19,234	21,629	19,396
Other Revenue	46.24	46.24	54.05	239.2	160.5	259.07
Revenue	27,513	29,766	26,592	19,473	21,790	19,655
Revenue Growth (YoY)	5.68%	11.93%	36.56%	-10.63%	10.86%	24.44%
Cost of Revenue	24,762	26,730	23,222	17,515	19,136	17,459
Gross Profit	2,750	3,036	3,371	1,957	2,654	2,196
Selling, General & Admin	1,341	1,432	1,361	1,053	1,031	905.28
Research & Development	1,342	1,207	1,477	513.12	576.44	529.92
Other Operating Expenses	-204.48	-2.06	58	22.76	18.71	19.7
Operating Expenses	2,497	2,613	2,992	1,617	1,644	1,429
Operating Income	253.61	423.24	378.37	340.74	1,010	766.54
Interest Expense	-162.57	-124.13	-80.77	-45.04	-33.17	-20.76
Interest & Investment Income	171.99	104.21	180.02	44.48	40.17	67.43
Currency Exchange Gain (Loss)	-1.85	-1.85	1.74	2.24	-5.8	-1.62
Other Non Operating Income (Expenses)	47.31	-0.77	-1.85	-3.77	-5.41	-2.53
EBT Excluding Unusual Items	308.49	400.7	477.51	338.65	1,006	809.06
Gain (Loss) on Sale of Investments	6.1	6.1	-	-6.33	-1.26	-
Gain (Loss) on Sale of Assets	-2.15	0.26	1.4	-2.91	-2.32	1.47
Asset Writedown	22.22	-	-	-	-	-
Other Unusual Items	61.65	74.76	34.88	52.1	12.38	23.5
Pretax Income	396.31	481.82	513.79	383.35	1,015	834.03
Income Tax Expense	-62.55	-0.02	5.43	-4.72	101.21	76.11
Earnings From Continuing Operations	458.86	481.85	508.36	388.07	913.5	757.92
Minority Interest in Earnings	112.47	74.03	95.7	-0.13	-0.29	-0.25
Net Income	571.32	555.87	604.06	387.94	913.21	757.68
Net Income to Common	571.32	555.87	604.06	387.94	913.21	757.68
Net Income Growth	26.53%	-7.98%	55.71%	-57.52%	20.53%	28.81%
Shares Outstanding (Basic)	820	768	732	589	589	589
Shares Outstanding (Diluted)	820	768	732	589	589	589
Shares Change (YoY)	9.87%	5.04%	24.10%	0.00%	-0.00%	0.01%
EPS (Basic)	0.70	0.72	0.83	0.66	1.55	1.29
EPS (Diluted)	0.70	0.72	0.83	0.66	1.55	1.29
EPS Growth	15.16%	-12.39%	25.47%	-57.52%	20.53%	28.80%
Free Cash Flow	4,342	1,903	-7,289	-1,825	1,316	-845.56
Free Cash Flow Per Share	5.29	2.48	-9.96	-3.10	2.23	-1.43
Dividend Per Share	0.204	0.204	0.200	0.197	0.465	0.388
Dividend Growth	2.00%	2.00%	1.52%	-57.63%	19.84%	29.33%
Gross Margin	10.00%	10.20%	12.68%	10.05%	12.18%	11.17%
Operating Margin	0.92%	1.42%	1.42%	1.75%	4.63%	3.90%
Profit Margin	2.08%	1.87%	2.27%	1.99%	4.19%	3.85%
Free Cash Flow Margin	15.78%	6.39%	-27.41%	-9.37%	6.04%	-4.30%
EBITDA	937.76	1,105	1,057	543.37	1,228	999.93
EBITDA Margin	3.41%	3.71%	3.98%	2.79%	5.64%	5.09%
D&A For EBITDA	684.15	681.92	678.95	202.63	218.45	233.39
EBIT	253.61	423.24	378.37	340.74	1,010	766.54
EBIT Margin	0.92%	1.42%	1.42%	1.75%	4.63%	3.90%
Effective Tax Rate	-	-	1.06%	-	9.98%	9.13%
Revenue as Reported	27,513	29,766	26,592	19,473	21,790	19,655
Advertising Expenses	-	13.01	15.75	3.34	5.56	12.18

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.